IRA dominated 2023 climate action with soaring successes and gnarly challenges
Climate advocates spent years trying to pass a major law aimed at curbing planet warming pollution. In 2023, they got a taste of what it’s like to implement one.
The Biden administration spent this year racing to put the Inflation Reduction Act to work. The Treasury Department has been the center of activity since the law’s passage in August 2022, churning out rules on how to distribute some of the Inflation Reduction Act’s $369 billion in clean energy benefits.
Related Knowledge Center: Climate legislation
The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.